IRESS has announced that Zurich is the third provider to support its ex-smoker questions on The Exchange sourcing platform.
By enabling the questions on its Term and Critical Illness products, Zurich will deliver greater upfront accuracy to brokers and their clients during the quotation process.
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In addition, the questions will enable Zurich to see between smokers and ex-smokers, allowing for more precise premiums that accurately reflect individual risk profiles.
Iress’s Global Head of Product for Sourcing, Jacqui Durbin, said: “The new questions demonstrate our commitment to innovation and responding to market needs. By harnessing the powerful combination of ex-smoker and BMI data, Zurich is well positioned to deliver greater certainty and transparency to its customers.”
Zurich’s Director of Protection, Louise Colley, added: “We’re delighted to join the new Iress service and deliver more certainty to advisers and their customers on the price of cover at quote stage. With the various smoker statuses used across the market, the approach helps to simplify a potentially complex part of the advice process.”
Zurich North America, a unit of Zurich, has also announced the appointment of former AIG leader Nora Hattauer as the new head of financial lines.
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By GlobalDataHattauer will spearhead the financial lines division of Zurich’s US National Accounts and Middle Market businesses, which offer an array of insurance solutions for businesses.
She is set to begin her new role on 21 October and will be based in Atlanta.
Hattauer brings nearly two decades of industry expertise to Zurich, where she will oversee the strategic direction, management and performance of the company’s financial lines unit.
The financial lines unit at Zurich offers a suite of insurance solutions tailored for D&O, cyber, financial Institutions and private/non-profit segments.
